Welcome to Roxy Library
Welcome to Roxy Library
Author : PARANJOY GUHA THAKURTA
ISBN No : 9788184005882
Language : English
Categories : BUSINESS & ECONOMICS
Publisher : Penguin Books
The use of tax havens to not just avoid the payment of taxes but also to evade them has attracted considerable attention across the world and in India. Tax havens, also known as low-tax or no-tax jurisdictions, enable ultra-rich individuals and corporate entities to not pay taxes, legally and illegally. There is a thin dividing line between tax avoidance (often described as 'good' tax planning) and tax evasion (deemed criminal in most countries). In fact, the dividing line is so thin it is virtually non-existent. Tax havens have been used by the rich and the powerful to benefit themselves at the expense of the poor and the underprivileged. This led to widening inequality between citizens and across countries.